Santa Fe, NM Rental Market for Investors
An estimated 32% of Santa Fe's active listings could cash-flow as a short-term rental — here's what the numbers say for investors, as of August 2026.
Homes in Santa Fe that pencil right now
A sample of active Santa Fe listings whose DSCR clears 1.25 using short-term rental income projections we accept as a direct lender. These are spread across the price range, not ranked, and current as of August 2026.
$195,000DSCR 1.751 bed · 1 bath · 582 sqft
- STR revenue
- $40,094/yr
- Est. interest-only payment
- $1,525/mo
On the market 388 days · Listed by Sotheby's International Realty - Santa Fe - 326 Grant Avenue Brokerage
Scout this home & market: 1-bed condo in Santa Fe
$225,000DSCR 1.772 bed · 1 bath · 789 sqft
- STR revenue
- $49,471/yr
- Est. interest-only payment
- $1,866/mo
On the market 163 days · Listed by Barker Realty, LLC
Scout this home & market: 2-bed condo in Santa Fe
$249,000DSCR 1.642 bed · 1 bath · 789 sqft
- STR revenue
- $50,937/yr
- Est. interest-only payment
- $2,069/mo
On the market 76 days · Listed by Sotheby's International Realty - Santa Fe - Main Downtown Brokerage
Scout this home & market: 2-bed condo in Santa Fe
$349,000DSCR 1.341 bed · 1 bath · 725 sqft
- STR revenue
- $46,388/yr
- Est. interest-only payment
- $2,307/mo
On the market 95 days · Listed by Santa Fe Agency, The
Scout this home & market: 1-bed condo in Santa Fe
$399,000DSCR 1.592 bed · 1 bath · 796 sqft
- STR revenue
- $71,304/yr
- Est. interest-only payment
- $2,997/mo
On the market 46 days · Listed by Sotheby's International Realty - Santa Fe - 326 Grant Avenue Brokerage
Scout this home & market: 2-bed condo in Santa Fe
$399,900DSCR 1.373 bed · 2 bath · 1,139 sqft
- STR revenue
- $45,854/yr
- Est. interest-only payment
- $2,238/mo
On the market 148 days · Listed by Realty One of New Mexico - Eagle Ranch Main Office
Scout this home & market: 3-bed house in Santa Fe
$459,000DSCR 1.472 bed · 1 bath · 1,042 sqft
- STR revenue
- $67,954/yr
- Est. interest-only payment
- $3,074/mo
On the market 11 days · Listed by Casas De Santa Fe
Scout this home & market: 2-bed condo in Santa Fe
$479,000DSCR 1.532 bed · 1 bath · 1,043 sqft
- STR revenue
- $71,613/yr
- Est. interest-only payment
- $3,113/mo
On the market 59 days · Listed by Corcoran Plaza Properties
Scout this home & market: 2-bed condo in Santa Fe
$565,000DSCR 1.282 bed · 2 bath · 1,100 sqft
- STR revenue
- $71,058/yr
- Est. interest-only payment
- $3,696/mo
On the market 93 days · Listed by Keller Williams
Scout this home & market: 2-bed condo in Santa Fe
As of August 2026, we analyzed 708 active for-sale homes in Santa Fe, New Mexico. The typical listing is priced at $799,900 and is projected to generate about $60,108 a year as a short-term rental.
After setting aside an estimated 20% for operating costs, an estimated 32.4% of those homes could still cover an investor mortgage payment on short-term-rental income — below the 52.5% median across the 200 major metros we track, ranking Santa Fe #164 of 200 for cash-flow potential.
On market momentum: homes in Santa Fe sit a median of 69 days on the market, and 25% of active listings came on in just the last 30 days — a steadily paced market, which shapes how much room there is to negotiate.
For a DSCR loan — which qualifies on the property's rental income rather than your personal income — Santa Fe runs tighter once operating costs are accounted for: many listings need a below-median price, a stronger short-term-rental setup, or more money down before the income covers the payment. It's a market where running the numbers property-by-property matters.
What actually works in Santa Fe
Cash-flow is the exception rather than the rule in Santa Fe right now: 72 of the 525 Santa Fe homes, condos and townhomes we can price confidently clear a DSCR of 1.25. Nine in ten of them are priced under $694,000.
| Price | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| $150k–$250k | 92%1.58 | — | — | — | — |
| $250k–$350k | 38%1.09 | 38%1.20 | — | — | — |
| $350k–$500k | 13%1.16 | 45%1.16 | 38%1.19 | 13%1.17 | — |
| $500k+ | 0%0.68 | 2%0.76 | 6%0.75 | 7%0.78 | 10%0.71 |
Darker means a larger share of that group cash-flows. “—” means fewer than 8 active listings — too few to draw a conclusion from.
Santa Fe in full
| Active for-sale homes analyzed | 708 |
|---|---|
| Median list price | $799,900 |
| Median projected STR revenue (annual, gross) | $60,108 |
| Median average daily rate (ADR) | $271 |
| Median occupancy | 60% |
| Median beds | 3 |
| Median size | 2,179 sqft |
| Estimated cash-flow-positive share | 32.4% |
| Median days on market | 69 days |
| New listings (last 30 days) | 25.4% of active |
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